World Bulletin / News Desk
Europe must take a decision quickly on the future of Greece once the troika report from the European Commission, European Central Bank and International Monetary Fund is completed in October, French President Francois Hollande said on Saturday.
Hollande and Greek Prime Minister Antonis Samaras both told reporters after a meeting in Paris that Greece must remain in the euro zone.
"On the European side, we are waiting for the troika report... Once we have this report, once the commitments ... are confirmed, Europe has to do what it has to do," Hollande said.
"We've been facing this question for 2-1/2 years, there's no time to lose, there are commitments to reaffirm on both sides, decisions to take, and the sooner the better, that means after the troika report at the European summit in October."
Exit would cost average monthly salary for each household, Organization for Economic Cooperation and Development says
Firms to see deterioration in credit metrics as low oil prices impact cash flows
OPEC exporters as well as other non-OPEC producers, including Russia, fail to agree on oil output freeze
Moody's has upgraded Argentina's credit rating after a US appeals court ruling this week cleared the way for Buenos Aires to proceed with the biggest debt issue by an emerging market country in 20 years.
Ahead of Doha meeting, OPEC says 'hurdles prevail as oversupply persists and inventories remain high'
Kuwaiti OPEC head says Russia and OPEC are likely to agree on oil output freeze
'The good news is that the recovery continues; we have growth; we are not in crisis,' Christine Lagarde says
The meeting is a 'follow-up' to last month's talks between Qatar, Russia, Saudi Arabia and Venezuela when they proposed an accord to freeze oil output at January levels
'They are not trimming output, only keeping it at the same levels...this is the same unchanged policy,' one expert says
Iran joining Venezuela, Saudi Arabia, Qatar and Russia in freezing oil output levels
According to the ratings agency Moody’s, Iran is fiscally and structurally well placed to come back into the global economic scene
PM Davutoglu meets the heads of the world's largest companies as he promotes Turkish economic interests at World Economic Forum
Fund cuts global growth forecasts for both 2016 and 2017 by 0.2 percentage points
'Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population'